CFTC to Host Cryptocurrency CEO Forum to Discuss Digital Asset Market Pilot Program

November 27th. According to multiple reports from South Korean media, South Korea's largest internet company, Naver. After acquiring Dunamu, the parent company of South Korea's largest crypto platform Upbit, Naver will invest approximately $7 billion in the fields of artificial intelligence and blockchain. The aim is to "establish a new global framework" that encompasses not only payments and settlement but also the entire financial sector. Yesterday, Naver agreed to acquire Dunamu, the operator of South Korea's largest cryptocurrency exchange Upbit, through an all-stock transaction. The transaction is valued at approximately $10.3 billion. According to the transaction scheme disclosed through regulatory filings on Wednesday, Naver's fintech subsidiary, Naver Financial Corp., will acquire Dunamu by issuing 2.54 shares of Naver's new stock for every 1 share of Dunamu stock held.

November 27th: South Korea's largest cryptocurrency exchange, Upbit, came under attack today. Previously, in November 2019, the exchange was hacked when its hot wallet was breached, and 342,000 ETH was transferred to an unknown address, with a value of approximately $50 million. The mastermind of the attack is suspected to be the North Korean hacker group Lazarus Group. After the theft, Upbit fully compensated its users with its own funds and suspended trading for two weeks. Subsequently, the exchange increased the ratio of cold wallet asset storage to 70%. This morning, Upbit disclosed that it detected unusual withdrawal activity at 4:42 AM. Around 540 billion Korean won (approximately $36 million) of Solana network-related digital assets were moved to an unknown external wallet address. Upbit will cover all customer losses and has suspended Solana network asset deposits and withdrawals. The stolen assets include tokens such as 2Z, ACS, BONK, DOOD, TRUMP, USDC, and W. It is worth no

On November 27th, Upbit made a disclosure that it had endured a 540 billion KRW (equivalent to 36 million USD) attack on the Solana network. Additionally, Upbit has committed to covering all customer losses.

On November 27th, the WLFI Reserve Company ALT5 Sigma, which is associated with the Trump family, announced the dismissal of several executives, including Acting CEO Jonathan Hugh and COO Ron Pitters. ALT5 Sigma stated that these dismissals had nothing to do with any specific misconduct. Previously, on October 23rd, ALT5 Sigma's CEO Peter Tassiopoulos was suspended by the board, and Jonathan Hugh was appointed as the Acting CEO. Since then, the company's stock price has dropped by 83% from its 52-week high. On November 22nd, Forbes disclosed that ALT5 Sigma is under investigation for violating SEC disclosure regulations. The CEO was officially suspended on October 16th, but internal emails show that the board actually placed him on "administrative leave" as early as September 4th. This significant difference in timing may have already violated disclosure rules. According to SEC regulations, public companies must disclose within 4 business days (Form 8-K) when an executive officer ceas

On November 27th, according to HTX market data, some altcoins have begun to surge. They include: BANANAS31 is currently trading at $0.0057, with a 24-hour increase of 64%; ORCA is now trading at $1.4, experiencing a 24-hour increase of 30.1%; DODO is currently trading at $0.0287, showing a 24-hour increase of 18.6%; ACE is now trading at $0.252, having a 24-hour increase of 15.5%; SOLV is currently trading at $0.0193, with a 24-hour increase of 13.7%; OM is now trading at $0.086, witnessing a 24-hour increase of 13.2%.